1040 NE Hostmark St
Poulsbo WA 98370
Olympic Place I
1040 NE Hostmark St Poulsbo WA 98370
Listing #: 708530 | Status: Available | Last Modified: 4/2/2026 |
For Sale
- Phone:(206) 949-3420
- Email:kelly@muldrow.net
- Office Name:G. Anderson Group, LLC
- Office Phone:(360) 373-2343
- Office Website:
- Agent Phone:(360) 731-3739
- Agent Email:garee1776@aol.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,100,000.0
- $/SF$ 124.2
- Listing StatusAvailable
- Days on Market73
- Asset ClassRetail, Office
- Terms
- Investment Type
- Investment PropYes
- Gross Income265,284
- Vacancy Factor %0.00%
- Operating Expenses74,661
- Net Operating Income190,623
- CAP Rate 6.15 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- AnchorNIPC Insurance
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units1
- # of Elevators1
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF24966
- Net Rentable Area17280
- Total Office SF17280
- Largest Contiguous SF9238
- Lot SF50530
- Acres1.16
- Property TypeOffice
- Office TypeOther
- Building ClassB
- CountyKitsap
- Vicinity
- Location DescriptionDowntown Poulsbo, 1 block from Hwy 305
- Second Address
- Cross Street
- Market AreaPoulsbo
- Tax ID #232601-1-056-2009
- Additional Parcels1340629
- ZoningC-3
- # Covered Spaces4
- # Uncovered Spaces46
- Total Parking Spots50
- Parking Ratio
- Year Built1989
- Year Renovated
- Completion Date
- Roof Type
- SprinklersYes
- Construction TypeBrick, Concrete, Framed
Olympic Place 1
Two story office building in the heart of Poulsbo with several varying tenants. The remaining vacancies are ideal for a multitude of potential office tenants. Current businesses include property management, dentistry, massage therapy, and Fire/EMS training. A new owner would benefit from passive income with seasoned tenants, while taking advantage of a move-in ready listing opportunity and a New Lease asset. Minor improvements could be made by a Buyer in order to improve interest. Otherwise, this is a value-add asset, waiting for the right opportunity. Do not miss out on a prime opportunity in a thriving area of Kitsap County.
Office space centrally located near Downtown Poulsbo. Great views of Olympics. ADA Compliant.
